Philippine-based crypto wallet and exchange Coins.ph announced the launch of cryptocurrency coin Gala (GALA), the native utility token of Gala Games Ecosystem on its platform.
Being the native utility token, it is considered the primary digital asset for purchasing items, peer-to-peer payments, rewarding nodes, and other transactions in the Gala Games Ecosystem.
Gala Games is known for publishing blockchain games such as Mirandus, Town Star, Spider Tanks, Fortified, and Echoes of Empire.
GALA was originally built on the Ethereum Blockchain, but Gala Games bridged it to Binance Smart Chain as a BEP-20 asset.
According to CoinMarketCap, Gala Ecosystem currently has more than 1.3 million users around the globe.
Gala Games’ Chief Executive Officer (CEO) is Eric Schiermeyer, Zynga’s co-founder, the developer behind the nostalgic game Farmville.
At the time of writing, GALA token’s price is $0.082030 with a market cap of $617,042,032, according to the data of CoinGecko.
The addition of GALA token made the total number of cryptocurrencies available to buy, sell, and store on the Coins.ph application to 19.
Earlier this month, Yield Guild Games’ YGG Token and APE Ecosystem’s ApeCoin were also added to the crypto wallet, while cryptocurrency Chiliz (CHZ) was also added last month.
Two weeks ago, Coins.ph also announced that it will be the official crypto partner of the first professional league in Asia, the Philippine Basketball Association (PBA).
While on May 19, the crypto wallet also announced a successful Series C funding, that is $30 million worth, that will be used to accelerate its Web3 investment and for its expansion in Southeast Asia.
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and is the only blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
This article is published on BitPinas: You Can Now Buy Gala Token in Coins.ph
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
The post You Can Now Buy Gala Token in Coins.ph appeared first on BitPinas.
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